Forterra Inc (FRTA) Stock Is Crashing Now

August 28, 2017 - By Peter Erickson

The stock of Forterra Inc (NASDAQ:FRTA) is a huge mover today! The stock decreased 17.47% or $0.8 during the last trading session, reaching $3.78. About 3.60M shares traded or 200.00% up from the average. Forterra Inc (NASDAQ:FRTA) has 0.00% since August 28, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months negative chart setup for the $242.69M company. It was reported on Aug, 28 by Barchart.com. We have $3.44 PT which if reached, will make NASDAQ:FRTA worth $21.84M less.

Forterra Inc (NASDAQ:FRTA) Ratings Coverage

Among 8 analysts covering Forterra (NASDAQ:FRTA), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Forterra had 13 analyst reports since November 14, 2016 according to SRatingsIntel. The stock of Forterra Inc (NASDAQ:FRTA) has “Buy” rating given on Monday, November 14 by SunTrust. The stock has “Outperform” rating by Oppenheimer on Monday, November 14. As per Monday, November 14, the company rating was initiated by Deutsche Bank. The company was maintained on Monday, August 14 by Citigroup. The stock has “Buy” rating by Citigroup on Monday, November 14. The rating was downgraded by Barclays Capital on Friday, August 11 to “Equal-Weight”. On Monday, November 14 the stock rating was initiated by RBC Capital Markets with “Outperform”. On Tuesday, May 16 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Goldman Sachs initiated the stock with “Neutral” rating in Monday, November 14 report. The rating was downgraded by SunTrust to “Hold” on Tuesday, May 16.

More notable recent Forterra Inc (NASDAQ:FRTA) news were published by: Fool.com which released: “Here’s Why Forterra Inc.’s Stock Is Crashing Today” on August 10, 2017, also Businesswire.com with their article: “FRTA LOSS NOTICE: Rosen Law Firm Reminds Forterra, Inc. Investors of Important …” published on August 21, 2017, Nasdaq.com published: “Greywolf Capital Management LP Buys Forterra Inc, Harmony Merger Corp, Sells …” on August 24, 2017. More interesting news about Forterra Inc (NASDAQ:FRTA) were released by: Businesswire.com and their article: “Robbins Arroyo LLP: Forterra, Inc. (FRTA) Misled Shareholders According to a …” published on August 21, 2017 as well as Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Forterra, Inc …” with publication date: August 15, 2017.

Forterra, Inc. is a manufacturer of pipe and precast products. The company has market cap of $242.69 million. The Firm offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. It currently has negative earnings. The Firm operates approximately 95 facilities.

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